Best Retirement Calculator: Wallet Pop Retirement Income Calculator(s)

by Carola
(New Jersey)

Wallet Pop Calculator

Wallet Pop Calculator

Wallet Pop Calculator Wallet Pop Expense Input Form

Best Retirement Calculator: Wallet Pop Retirement Calculator

The Wallet Pop Retirement Calculator is actually a collection of 15 calculators, including a retirement income calculator. At first I thought that there were too many calculators for a person to coordinate the results for a workable retirement plan. But, the calculators are based on the most likely questions a pre-retiree or retiree might have, so they all have their useful purpose. Like the other calculators I tried, I decided to give it a second go round.

Retire To Something

Pros:


  • There are several different calculators to address the scenarios you are most likely to want answers to.

  • Your figures are saved so that no matter what calculator you choose, no need to re-enter the data.

  • Inputting figures is very easy as is accessing each page.

  • The calculator(s) take into account savings/investment that continue during retirement.

  • It also considers taxes, inflation and projected investment returns.

  • The investment fields are characterized by type 401K, 401K Roth, Traditional IRA, Roth, etc. and include % expected returns and even takes into consideration the employers match.

  • There is a place for your spouse's financial information as well.

  • There are fields for projected expenses when you first retire as well as during three different stages that include midway your expected retirement and remaining years.


Cons:

  • Results are only shown in graphs, though they are easy enough to read and I guess could be a "Pro" for some.

  • Each of the calculators' "help" tabs have the same information and are not personalized.

  • I didn't understand how they came by results in a couple of the graphs.



I'd give this calculator a "9" only because of the "Con" issues.

Carola

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Thanks Carola. We appreciate the time and analysis on the Wallet Pop calculators. Sounds like this is one of your top rated calculators.

Don at ERJ.

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